The Bank of Korea said in a statement that due to changes in market expectations for monetary policy, government bond yields in major economies rose sharply during South Korea's Mid-Autumn Festival holiday, leading to increased uncertainty in global financial markets. The Bank of Korea held a market evaluation meeting on Monday, presided over by Senior Vice Governor Kwon Min-soo, to evaluate global financial markets during the September 24-27 holiday period. Kwon Min-soo said that the fundamentals of the Korean economy are still stable. The Bank of Korea warned that domestic financial and foreign exchange market volatility may increase, depending on the progress of US-Iran negotiations, concerns about the financial soundness of major economies, and changes in expectations for the AI industry. The Bank of Korea will closely monitor market developments and be more alert as the volatility of the local financial and foreign exchange markets may increase.

Zhitongcaijing · 2d ago
The Bank of Korea said in a statement that due to changes in market expectations for monetary policy, government bond yields in major economies rose sharply during South Korea's Mid-Autumn Festival holiday, leading to increased uncertainty in global financial markets. The Bank of Korea held a market evaluation meeting on Monday, presided over by Senior Vice Governor Kwon Min-soo, to evaluate global financial markets during the September 24-27 holiday period. Kwon Min-soo said that the fundamentals of the Korean economy are still stable. The Bank of Korea warned that domestic financial and foreign exchange market volatility may increase, depending on the progress of US-Iran negotiations, concerns about the financial soundness of major economies, and changes in expectations for the AI industry. The Bank of Korea will closely monitor market developments and be more alert as the volatility of the local financial and foreign exchange markets may increase.